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FTSE 250 movers: AO World surges; Capco down on results

London’s FTSE 250 was up 0.5% at 18,077.60 in afternoon trade on Wednesday. Online electrical goods retailer AO World surged to the top of the index, with traders pointing to positive read-across from Asos, which said annual sales and profit were set to be “significantly ahead” of market expectations. Although …

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Online spending rises despite Q2 GDP contraction

Online spending rose during June despite figures showing that retail experienced a huge contraction in the second quarter of the year. A survey of 500 shoppers commissioned by Royal Mail revealed that the average amount spent online had risen from £216 to £226 between May and June. There had been …

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Trump’s UK ambassador’s comments on race and sex confirmed

The State Department’s Inspector General released a 43-page report Wednesday on the U.S. embassy to the United Kingdom that finds staff complained Ambassador ‘Woody’ Johnson made ‘inappropriate or insensitive comments’ about race and sex. The finding is included in a broader look at ‘executive direction, policy and program implementation, resource …

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